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The international rating agency Fitch Ratings has downgraded the long-term foreign currency credit rating of Ukrzaliznytsia from “CCC” to the nationwide score of “СС” and affirmed the long-term local currency rating to be at “CCC”. Fitch has also lowered the rating for bonds issued by Shortline Plc, in respect to which Ukrzaliznytsia acts as a guarantor, UNIANreports.
Fitch underscores that Ukrzaliznytsia is too dependent on the financial “support of the government».
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